HINDUSTAN UNILEVER LTD.

FMCG Stocks Gain 1.5% on Festive Boost

FMCG stocks surged as Nifty FMCG index rose 1.5%, led by Nestle India, ITC, HUL, and Patanjali Foods. Festive demand and market recovery boosted sentiment, but crude oil prices and Fed policy uncertainty pose risks. Source: NDTV Profit

Morgan Stanley Sets HUL Target at ₹2,480; Margins Expand to 24%

Morgan Stanley keeps HUL equal-weight, sets target price at ₹2,480. HUL focuses on volume-led growth; margins widen to 22–24%, capex rises to 3% of revenue. Source: Livesquawk

HUL: Morgan Stanley on HUL Equal-weight, Target Price ₹2,480, as management remains focused on volume-led growth with confidence in its portfolio and initiatives, while the margin band widens to 22–24% and capex increases to 3% of revenue.

HUL: Nomura on HUL Buy, Target Price ₹2,450, as its “Win in New India” SASSY strategy targets growth, though lack of FY27E guidance/double-digit EPS guidance is a concern; OPM band widens to 22–24% and capex rises to 3% of sales.

HUL: HSBC on HUL Buy, Target Price ₹2,440, as volume-led growth is driven by consumption/premiumisation, market-making and new spaces, with a wider margin band and expected performance improvement in coming quarters.

HUL: Jefferies on HUL Buy, Target Price ₹2,450, despite the cut, as premiumisation, category creation, deeper distribution and AI-led execution should drive the next growth leg, supported by a self-funded reinvestment cycle and 22–24% medium-term margin guidance.

HUL: CLSA on HUL Hold, Target Price ₹1,804, as portfolio improvement, channel-specific execution, quick commerce and innovation should strengthen growth, funded by 500bps productivity/mix savings, enabling ~3% capex intensity and a 22–24% EBITDA margin range.

Goldman Sachs: Buy HUL, Target ₹2,450 on Growth in Foods & Beauty

Goldman Sachs recommends buying Hindustan Unilever with a target price of Rs 2,450. The recommendation is based on improved strategy, innovation, and growth in Foods and Beauty & Wellbeing. Source: ScoutQuest

HUL Ups Capex to 3% of Turnover; Targets 22-24% EBITDA Margin

HUL plans to raise capex to 3% of turnover, up from 2%, with an EBITDA margin target of 22-24%. Focus areas include volume-led growth, premiumisation, Q-commerce, and under-penetrated categories like bodywash and liquid detergents. Source: ScoutQuest

HUL: Co Expects EBITDA Margin To Reach 22 - 24% In The Medium Term

HSBC Retains Buy on HUL, Sets ₹2,450 Target Amid Growth Outlook

HSBC maintains Buy on Hindustan Unilever with ₹2,450 target, citing FY24–27E PBT CAGR of 3–4%. Upcoming CMD and management changes are pivotal; FY27 growth expected to exceed FY26. Source: Livesquawk

Hindustan Unilever: HSBC on Hindustan Unilever Maintains Buy with Target Price of ₹2,450 as FY24–27E PBT CAGR of 3–4% has lagged management’s double-digit growth aspiration, making the upcoming CMD and management changes critical, with expectations for FY27 growth to exceed FY26.